A Plant Asset Is Sold for $1,000

question 145

True/False

A plant asset is sold for $1,000.The original cost was $9,000,salvage value was estimated at $200,and useful life was estimated at 12 years.At time of sale,accumulated depreciation was $8,500.The sale resulted in a gain of $500.

Understand the concept of needs, wants, and demands in the context of marketing.

Recognize the importance and key components of market orientation for businesses.

Explain the marketing concept and its significance for firms in achieving success.

Describe how consumer behavior and needs influence marketing strategies.